Equities research analysts predict that Marten Transport, Ltd (NASDAQ:MRTN) will report earnings of $0.29 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Marten Transport’s earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.28. Marten Transport posted earnings per share of $0.28 during the same quarter last year, which suggests a positive year-over-year growth rate of 3.6%. The company is scheduled to announce its next quarterly earnings results on Tuesday, October 15th.
According to Zacks, analysts expect that Marten Transport will report full year earnings of $1.11 per share for the current year, with EPS estimates ranging from $1.10 to $1.15. For the next financial year, analysts anticipate that the business will post earnings of $1.19 per share, with EPS estimates ranging from $1.15 to $1.30. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Marten Transport.
Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings data on Thursday, July 18th. The transportation company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Marten Transport had a net margin of 7.33% and a return on equity of 10.37%. The firm had revenue of $212.10 million during the quarter, compared to analyst estimates of $208.45 million. During the same quarter last year, the business posted $0.25 EPS. The company’s revenue was up 7.7% on a year-over-year basis.
In other Marten Transport news, Director Thomas J. Winkel sold 6,250 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $20.41, for a total value of $127,562.50. Following the completion of the sale, the director now owns 28,241 shares in the company, valued at approximately $576,398.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.00% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC purchased a new stake in Marten Transport in the 4th quarter worth approximately $207,000. Public Employees Retirement System of Ohio lifted its position in Marten Transport by 16.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 58,523 shares of the transportation company’s stock worth $947,000 after buying an additional 8,096 shares in the last quarter. United Services Automobile Association lifted its position in Marten Transport by 20.5% in the 4th quarter. United Services Automobile Association now owns 19,116 shares of the transportation company’s stock worth $309,000 after buying an additional 3,257 shares in the last quarter. Texas Permanent School Fund lifted its position in Marten Transport by 3.6% in the 4th quarter. Texas Permanent School Fund now owns 25,304 shares of the transportation company’s stock worth $410,000 after buying an additional 886 shares in the last quarter. Finally, Sawtooth Solutions LLC purchased a new stake in Marten Transport in the 1st quarter worth approximately $260,000. Institutional investors own 69.67% of the company’s stock.
Marten Transport stock traded up $1.71 during midday trading on Tuesday, reaching $20.23. The stock had a trading volume of 506,677 shares, compared to its average volume of 172,568. The firm has a fifty day moving average of $18.01. Marten Transport has a twelve month low of $15.39 and a twelve month high of $24.10. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 20.23 and a beta of 1.51.
The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.12 dividend on an annualized basis and a yield of 0.59%. Marten Transport’s payout ratio is 12.00%.
Marten Transport Company Profile
Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment.
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